FEMSA stock heads toward October 28 results as UBS cuts target

Published on 10/04/2026 at 23:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FEMSA stock stood at MXN 201.19 on October 2, while Q2 revenue rose 9.3 percent to MXN 231.0 billion. UBS cut its target to USD 130.

FEMSA, MXP370841019, Illustration mit AI erstellt.

FEMSA stock stood at MXN 201.19 on the BMV on October 2, 2026, down 0.24 percent for the session. The next major checkpoint is October 28, when FEMSA will publish third quarter results before the market opens and hold its conference call at 11:00 a.m. ET, according to Moomoo on October 1, 2026.

October 28 sets the next test

The October report will show whether the growth profile seen in the second quarter carried into the next period. FEMSA's Q2 2026 total revenue reached MXN 231.0 billion, a 9.3 percent increase from the prior-year quarter, while operating income rose 7.2 percent, according to SquawkNews in its Q2 2026 transcript.

Net income was MXN 9.22 billion in Q2 2026, up 64.9 percent year over year. The gap between 64.9 percent net-income growth and 7.2 percent operating-income growth makes currency effects, associates and non-operating items important lines for the October release.

UBS lowers the target

Analyst positioning adds a more cautious counterpoint. Markets Insider reported on October 1, 2026, that UBS lowered its FEMSA price target to USD 130 from USD 139 while keeping a Neutral rating.

The broader consensus remains Hold, with an average target of USD 135.67 from seven analysts, including three Buy ratings and four Hold ratings, according to MarketBeat. The consensus target applies to FEMSA's NYSE-listed ADS, while the reference quotation here is the company's BMV share price in Mexican pesos.

FEMSA stock holds a key level

The BMV quote was also 25.67 percent above its year-start level on October 2, 2026, even after the 0.24 percent daily decline. That combination puts the October report at the center of the near-term debate: recent earnings growth is visible, but the next release must show whether operating gains can keep pace with the valuation expectations embedded in analyst targets.

FEMSA stock stood at MXN 201.19 on the BMV on October 2, 2026, with 750,706 shares traded and a 52-week range of MXN 199.56 to MXN 206.71.